Rick Otton Urges Aussies to Engage in Property Investment as a Way to Strengthen Their Superannuation
(PRWEB) July 13, 2013 -- “Continuous revisions on the rules of superannuation only weaken the confidence of Aussies in its ability to provide them money during their retirement,” said Rick Otton, author of “How To Buy A House For A Dollar,” in light of the changes announced by the federal government on superannuation.
Federal Treasurer Wayne Swan has announced that superannuation pensions and annuities earning over $100,000 will be charged 15 per cent tax starting July 2014.
Mr. Otton believes that the federal government should be more consistent with their policies to earn the trust of the people, despite their positive intentions in applying the change.
He shared with the listeners of his Creative Real Estate iTunes podcast that, under the current circumstances, Aussies should accept the reality that the “traditional ideas of retirement are not present anymore” and that “they may need to work longer to build a more secure financial resource for their retirement years.”
Mr. Otton recommended Aussies to enter into the real estate property market as a way to boost their financial resources even if they are retired or not. According to him, “investing in real estate is fast and easy with the help of creative real estate processes because it doesn’t require the investor to give high deposits or apply for a loan.”
“Aside from that, these processes can also be used by retirees to get out of the debt attached with their existing houses,” he said. “Creative real estate processes teach people how to transfer debt to buyers who are willing to make the payments for them, while earning positive cash flow for the seller on the side,” he added.
“Aussies depend on their superannuation as a steady source of income for their retirement, but in this world of constant change and development people should be open to accept new processes which can help them build a more financially secure future for themselves and their families,” Mr. Otton reminded his listeners.
You can visit http://creativerealestate.com.au/ now to download an episode of Rick Otton’s Creative Real Estate iTunes podcast.
About Rick Otton
Rick Otton has spent decades making money by snapping up inexpensive real estate and putting it to work building wealth, and teaching others to do the same.
He is the founder and CEO of We Buy Houses, which operates in the US, UK, Australia and New Zealand, and through this business he puts his strategies to work every day.
Mr Otton received his start in alternative real estate investment in 1991 in the US, and within a year acquired 76 properties. In subsequent years, he made a fortune using his low-risk, high-reward strategies to inexpensively acquire real estate. He continues to do so.
As well Mr Otton travels between his home in Australia, and the UK, sharing his wisdom and teaching others how to buy and sell real estate, free from the constraints imposed by traditional lenders.
In 2013 Rick is celebrating the 10 year anniversary of introducing his property option strategies to real estate investors in the United Kingdom – the first person to reveal these ground-breaking strategies. In 2008 he created the first of his ‘Houses for a Pound’ strategies, upon which he grows as markets and laws evolve.
Mr Otton has been featured in a variety of television programs and magazines and in 2013 he published ‘How To Buy A House For A Dollar’ for the Australian market. This book has been named in the list of the Top 10 Most Popular Finance Titles for 2013, as voted by Money Magazine and Dymocks Book stores. A UK version is on the drawing board.
For full details of Mr Otton’s upcoming ‘How to Buy a House for a Dollar’ seminars in major cities across the nation, visit HowToBuyAHouseForADollar.com or phone, in Australia 1300 888 450.
For general information about Mr Otton, visit http://www.RickOtton.com.
Jane Otton, rickotton.com, http://www.rickotton.com, 0-207-000-1027, [email protected]
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